Insider Cluster (3 insiders) ·Filed Feb 25, 2026

MSEX

MIDDLESEX WATER CO
NEUTRAL
Impact 3/10
Horizonweeks Processed7mo ago
Insider cluster: 3 insiders, $0.1M total
Actionable Insight • Neutral

The activity is largely explained by a routine executive stock award and associated reporting mechanics. The modest open-market buy by a director is slightly positive, but the small sell offsets it. No strong signal; monitor for follow-up buying or any changes in guidance.

DirectionNeutral
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
MSEX ▼ -6.13% at T+60d
NEUTRAL call ✗ call lost -6.13% · α vs SPY -13.09% · entry $54.61 → $51.26
Entry anchored
Feb 24, 03:59 PM ET
via exchange tick
T+1d
-1.68%
call -1.68% · α -1.14%
$53.69
settled 7mo ago
T+5d
+1.54%
call +1.54% · α +2.64%
$55.45
settled 7mo ago
T+20d
-6.41%
call -6.41% · α -1.17%
$51.11
settled 6mo ago
T+60d
-6.13%
call -6.13% · α -13.09%
$51.26
settled 5mo ago

Price Chart

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Executive Summary

Middlesex Water Co (MSEX) saw a cluster of insider activity over the past week, led by CEO Nadine Duchemin-Leslie receiving a grant of 4,630 shares ($250K) and an associated 'other' transaction of the same amount, while Director Walter Reinhart sold $16.6K in shares and Director Robert Hoglund bought $108.6K in shares. The majority of the dollar volume stems from non-cash award transactions, with modest open-market buying and selling by directors.

Key Financial Metrics

Direction
mixed
Total Value
$395.8K
Insiders
3

Key Facts

  • CEO Nadine Duchemin-Leslie was granted 4,630 shares valued at $250,020.
  • The same number of shares was reported in an 'other' transaction at $54.55, totaling $252,566.50, likely reflecting settlement or reporting of the award.
  • Director Walter Reinhart sold 300 shares for $16,563 in an open-market transaction.
  • Director Robert Hoglund purchased 2,000 shares for $108,619 in an open-market transaction.

Financial Impact

$250K grant to CEO, $108.6K open-market buy, $16.6K open-market sell

share countinsider ownership

Risk Factors

  • The 'other' transaction could indicate a delayed or complex settlement, but no red flags apparent.
  • Limited open-market participation — only two directors trading small volumes.

Market Snapshot

Exchange
OTC

Investment Themes

Traditional Energy

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (4 trades, 7d window)cluster-MSEX-1772658148729
11 reports for MSEX
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +2.08%Jul 30, 2026
Filters
Rows
Reports for MSEX — sortable, filterable
TypeNow
Jul 30, 2026
9w ago
Press Release
BULLISH ★ 5/10
$57.30 $58.49▲ +2.08%▼ −0.91%$53.56 (−6.53%)
Jul 30, 2026
9w ago
8-K
BULLISH ★ 5/10
$57.30 $58.49▲ +2.08%▼ −0.91%$53.56 (−6.53%)
Apr 30, 2026
22w ago
Press Release
BEARISH ★ 6/10
$50.58 $51.78▼ −2.38%▲ +2.89%$53.56 (−5.90%)
Apr 24, 2026
23w ago
Press Release
NEUTRAL ★ 2/10
$53.18 $52.08▼ −2.07%▼ −7.02%$53.56 (+0.71%)
Apr 16, 2026
24w ago
Press Release
NEUTRAL ★ 3/10
$51.31 $51.92▲ +1.19%▼ −4.18%$53.56 (+4.39%)
Mar 26, 2026
27w ago
Press Release
NEUTRAL ★ 3/10
$51.80 $53.18▲ +2.66%▼ −10.08%$53.56 (+3.40%)
Feb 25, 2026
31w ago
Insider Cluster
NEUTRAL ★ 3/10
$54.61 $51.11▼ −6.41%▼ −1.17%$53.56 (−1.92%)
Feb 25, 2026
31w ago
Insider Cluster
NEUTRAL ★ 3/10
$54.61 $51.11▼ −6.41%▼ −1.17%$53.56 (−1.92%)
Feb 25, 2026
31w ago
Insider Cluster
NEUTRAL ★ 4/10
$54.61 $51.11▼ −6.41%▼ −1.17%$53.56 (−1.92%)
Feb 25, 2026
31w ago
Insider Cluster
NEUTRAL ★ 4/10
$54.61 $51.11▼ −6.41%▼ −1.17%$53.56 (−1.92%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (64h 59m)

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Report published Mar 4, 2026